Recent Keynotes of February 2017

February 2017
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International Agreements

  • The Resolution of the Council of Ministers numbered 2016/9726 on the Ratification of the Collaboration Agreement on Labor, Social Security and Employment Between the Republic of Turkey and the Turkish Republic of Northern Cyprus was published in the Official Gazette dated 24.01.2017 and numbered 29958.
  • The Resolution of the Council of Ministers numbered 2016/9727 on the Ratification of the Technical Cooperation Protocol Between the Turkish Republic and the Republic of Azerbaijan was published in the Official Gazette dated 24.01.2017 and numbered 29958.
  • The Resolution of the Council of Ministers numbered 2017/9763 on the Ratification of the Agreement on Transportation of International Passenger and Property Between the Republic of Turkey and the Slovak Republic was published in the Official Gazette dated 14.02.2017 and numbered 29979.

Legislation

  • The Decree Law on Taking Some Precautions Regarding the State of Emergency entered into force through publication in the Official Gazette dated 23.01.2017 and numbered 29957.
  • The Decree Law on Making Some Adjustments Regarding the State of Emergency entered into force through publication in the Official Gazette dated 23.01.2017 and numbered 29957.
  • The Regulation Amending the Regulation on Governing E-Tenders entered into force through publication in the Official Gazette dated 25.01.2017 and numbered 29959.
  • The Regulation Amending the Regulation on Governing Tenders of Product Purchases entered into force through publication in the Official Gazette dated 25.01.2017 and numbered 29959.
  • The Regulation Amending the Regulation on Governing Tenders of Construction Works entered into force as of 001.2018for Article 9, and through publication in the Official Gazette dated 25.01.2017 and numbered 29959 for the remaining articles.
  • The Regulation Amending the Regulation on Governing Tenders of Service Procurement entered into force through publication in the Official Gazette dated 25.01.2017 and numbered 29959.
  • The Communiqué Amending the Communiqué on the principlas regarding Licensure and Registration for Operators in Capital Markets entered into force through publication in the Official Gazette dated 27.01.2017 and numbered 29961.
  • The General Communiqué on the Law on Reconstruction of Some Assets numbered 6736 entered into force through publication in the Official Gazette dated 29.01.2017 and numbered 29963.
  • The Communiqué Amending the Common Practice Communiqué on Value Added Taxes (Serial No: 10), entered into force through publication in the Official Gazette dated 03.02.2017 and numbered 29968.
  • The Communiqué Amending the Communiqué on the principals regarding Financial Reporting in Capital Markets entered into force through publication in the Official Gazette dated 03.02.2017 and numbered 29968.
  • The Decree Law on Making Some Adjustments regarding the State of Emergency entered into force through publication in the Official Gazette dated 09.02.2017 and numbered 29974.
  • The Regulation Amending the Regulation on Natural Gas Market Licences entered into force through publication in the Official Gazette dated 09.02.2017 and numbered 29974.
  • The Communiqué Amending the Communiqué on Material Events Disclosure entered into force through publication in the Official Gazette dated 10.02.2017 and numbered 29975.
  • The Communiqué Amending the Communiqué on Principles Regarding Investment Services, Activities and Ancillary Services entered into force through publication in the Official Gazette dated 10.02.2017 and numbered 29975.
  • The Law Amending the Constitution of the Republic of Turkey was published in the Official Gazette dated 02.2017 and numbered 29976. Various provisions of the Law will enter into force on differing dates.
  • The General Communiqué on Tax Procedure Law entered into force through publication in the Official Gazette dated 11.02.2017 and numbered 29976.
  • The Communiqué (Serial No: 11) Amending the Common Practice Communiqué on Value Added Taxes, entered into force through publication in the Official Gazette dated 15.02.2017 and numbered 29980.
  • The Communiqué Amending the Communiqué on Debt Instruments entered into force through publication in the Official Gazette dated 18.02.2017 and numbered 29983.
  • The Communiqué Amending the Communiqué on Predatory Practices entered into force through publication in the Official Gazette dated 18.02.2017 and numbered 29983.

Mergers and Acquisitions

  • The Competition Board (“Board”) authorized the acquisition of the sole control of Rubis Med Energy B.V. by Rubis Terminal SA, by the acquisition of the shares of Rubis Med Energy B.V., which is under the joint control of Rubis Terminal SA and Med Energy Holding SAL by Rubis Terminal SA.(09.02.2017, 17-06/48-16)
  • The Board authorized the acquisition of the sole control of B/E Aerospace Inc. by Rockwell Collis Inc. (09.02.2017, 17-06/50-17)
  • The Board authorized the acquisition of the sole control of Intel Security by TPG Capital. (09.02.2017, 17-06/51-18)
  • The Board authorized the acquisition of the joint control of Kering Eyewear S.p.A. by Richemont International S.A. (09.02.2017, 17-06/55-21)
  • The Board authorized the acquisition of a certain extension of shares of Tesco Kipa Kitle Pazarlama Ticaret Lojistik ve Gıda San. A.Ş., which is under the control of Tesco Overseas Investments Limited by Migros Ticaret A.Ş., within the scope of a package of undertaking presented by Migros Ticaret A.Ş. (09.02.2017, 17-06/56-22)
  • The Board authorized the acquisition of the indirect joint control of GfK SE by KKR & Co. L.P. via Acceleratio Capital N.V. with GfK-Nürnberg Gesellschaft für Konsum-, Markt- und Absatzforschung e.V. (09.02.2017, 17-06/59-25)
  • The Board authorized the acquisition of the control of Işık Sigorta A.Ş., which is under the sole control of Asya Katılım Bankası A.Ş. by Türkiye Tarım Kredi Kooperatifleri Merkez Birliği. (09.02.2017, 17-06/59-25)

Energy

  • The Energy Market Regulatory Authority (“EMRA”) Decision dated 19.01.2017 and numbered 6867-6 on the Council of Ministers Resolution on the Procedure and Principles of Investments for the Transmission of Natural Gas to the Districts that are beyond the Scope of the License of Existing Distribution Areas and Has a Population of 20,000 and Greater, entered into force through publication in the Official Gazette dated 01.2017 and numbered 29955.
  • The EMRA published the Petroleum Market Sector Report of November 2016, on 24.01.2017.
  • The EMRA published the Liquefied Petroleum Gas (LPG) Market Sector Report of November 2016, on 26.01.2017.
  • The EMRA published the Forecast of National Natural Gas Consumption for the Year of 2017, on 02.02.2017.

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